Shareholders

But this is not just on the individual CEOs. The Business Roundtable, which organized the nearly 200 CEOs in issuing the new commitments, spends millions of dollars lobbying against unemployment benefits and for liability protections while workers lose their jobs, get sick, and die. It is impossible to understand how spending millions of dollars lobbying against worker protections is remotely consistent with the Business Roundtable commitments, especially as a survey found that a majority of its members “expect the business impact from the coronavirus to linger until at least the end of 2021” and that nearly “a third of them fear it could persist beyond then.” … [Read more...] about Elizabeth Warren: Business Roundtable declaration ‘was just an empty publicity stunt’

More brands will employ reusable packaging A growing number of companies are rethinking product design to avoid disposable packaging. Startups like Blueland and Everdrop now sell cleaning products in the form of tablets that can be dropped in reusable bottles. Bite sells tiny toothpaste tabs so it can avoid the standard plastic tubes. Nestle is beginning to test refill stations in stores for coffee and pet food; a startup called Algramo is rolling out refill stations for detergent and cleaning supplies in laundromats. McDonald’s is testing reusable coffee cups that can be dropped in a bin for cleaning; Burger King is testing a reusable Whopper container. … [Read more...] about 7 ways the circular economy will grow in 2021

Meanwhile, as I and other founders were struggling to generate cash flow (because the spigot of the economy had been turned off), the venture capital world kept emitting the “preserve your cash” mantra. That’s great advice if you have cash on hand, but it’s not helpful for all the companies that don’t keep vast amounts of cash lying around. It’s certainly not useful advice for female founders who receive such trace amounts (less than 3% in 2019) of venture capital to begin with. Or for Black founders who, since 2009, have received .06% of all tech venture funding. … [Read more...] about Female-founded companies will save our economy. Here’s why

Shonda Rhimes’s recently dropped period series Bridgerton—which is her much-anticipated debut original for Netflix as a producer—also helped the bottom line, though Netflix was coy about just how. The show “has proven immensely popular,” the shareholder letter read, “and we’ll have some exciting news about Bridgerton later this week.” Stay tuned. … [Read more...] about Netflix soars to more than 200 million subscribers. What you need to know